SANTA CLARA, Calif., Dec. 1 /PRNewswire/ — McAfee.com (Nasdaq: MCAF)
today announced the initial public offering of 6,250,000 shares of its Class A
common stock at $12 per share. All the shares in this offering are being sold
by McAfee.com and are expected to commence trading on December 2, 1999 on the
NASDAQ National Market. The $12 per share sales price reflects an increase
over the anticipated $6.00 to $8.00 initial public offering price range
previously disclosed in McAfee.com’s preliminary prospectus. After deducting
the underwriting discounts and commissions and estimated offering expenses,
net proceeds from this offering of 6,250,000 shares of Class A common stock
will be approximately $68.65 million as compared to the previously disclosed
$39.6 million (which used an assumed initial offering price of $7.00 per
The underwriting of the offering was managed by Morgan Stanley Dean
Witter, Hambrecht & Quist and Robertson Stephens. McAfee.com has also granted
the underwriters an option to purchase up to 937,500 additional shares of the
common stock to cover over-allotments, if any.
McAfee.com, headquartered in Santa Clara, Calif., is a leading consumer
Application Service Provider (ASP) devoted to providing users with online
services to secure, manage, repair, update and upgrade their PCs over the
Internet, combined with a range of content, shopping and personalization
services. For more information, McAfee.com can be reached at 408-572-1500 or
on the Internet at http://www.mcafee.com.
A copy of the prospectus relating to these securities may be obtained from
the office of Morgan Stanley & Co., Inc., Prospectus Department, 1585
Broadway, New York, NY 10036.
A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission. The offering of
these securities shall be made only by means of the prospectus contained in
such effective Registration Statement. This communication shall not
constitute an offer to sell, or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction.
NOTE: McAfee.com is a registered trademark of Network Associates and/or
its affiliates in the U.S. and/or other countries. All other registered
trademarks in this document are the sole property of their respective owners.